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    PracticeACCAACCA LW — Corporate and Business Law Practice Exam 3Question 33
    Easy1 markMultiple Choice
    Syllabus D: The formation and constitution of business organisationsSection ACorporate and Business Law

    ACCA · Question 33 · Syllabus D: The formation and constitution of business organisations

    Which document forms the internal constitution of a company, regulating matters such as the appointment of directors and the conduct of meetings?

    Answer options:

    A.

    The Memorandum of Association

    B.

    The Articles of Association

    C.

    The Certificate of Incorporation

    D.

    The Prospectus

    How to approach this question

    Identify the document that serves as the company's internal rulebook.

    Full Answer

    B.The Articles of Association✓ Correct
    The Articles of Association form the company's constitution. They set out the rules for running the company's internal affairs, including the issue of shares, holding board and general meetings, and the powers and duties of directors.

    Common mistakes

    Confusing the Articles of Association with the Memorandum of Association (which had a different role under older Companies Acts).
    Question 32All questionsQuestion 34

    Practice the full ACCA LW — Corporate and Business Law Practice Exam 3

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